LPL Financial LLC Purchases 85,840 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

LPL Financial LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 694,702 shares of the company’s stock after purchasing an additional 85,840 shares during the quarter. LPL Financial LLC owned approximately 0.95% of Fidelity MSCI Information Technology Index ETF worth $156,079,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 5.3% during the 4th quarter. Franklin Resources Inc. now owns 1,501 shares of the company’s stock valued at $337,000 after purchasing an additional 76 shares during the last quarter. SouthState Bank Corp bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $50,000. OneAscent Financial Services LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 3.5% during the 4th quarter. OneAscent Financial Services LLC now owns 4,914 shares of the company’s stock valued at $1,104,000 after purchasing an additional 166 shares during the last quarter. Formulate Financial LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $570,000. Finally, Parallel Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 37.8% during the 4th quarter. Parallel Advisors LLC now owns 4,432 shares of the company’s stock valued at $996,000 after purchasing an additional 1,216 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 2.3%

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $268.43 on Thursday. The firm has a market capitalization of $19.51 billion, a PE ratio of 35.45 and a beta of 1.34. The business’s 50-day moving average price is $255.20 and its 200-day moving average price is $233.52. Fidelity MSCI Information Technology Index ETF has a 12 month low of $184.88 and a 12 month high of $300.79.

About Fidelity MSCI Information Technology Index ETF

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.